Bachas, Pierre; Fisher-Post, Matthew H.; Jensen, Anders; … - National Bureau of Economic Research - 2022
How has globalization affected the relative taxation of labor and capital, and why? To address this question we build … on labor and capital converged globally since the 1960s, due to a 10 percentage-point increase in labor taxation and a 5 … percentage-point decline in capital taxation. (2) The decline in capital taxation is concentrated in high-income countries. By …